USD/CAD 4H Potential Buy
Hello Traders,
We can see that USD/CAD has been on a downtrend and tested a minor support at 1.3400. This can be a sign of possible reversal. Look for confirmation for the reversal trending past resistance at about 1.3460 and downward trend continuation pass 1.3400 signaling a minor pullback. However there are major catalyst this week with CAD as the BOC will announce an interest rate decision. Risk sentiment analysis is a big factor as well. If market is risk adverse then the USD will have bullish momentum and vice versa.
We can see that USD/CAD has been on a downtrend and tested a minor support at 1.3400. This can be a sign of possible reversal. Look for confirmation for the reversal trending past resistance at about 1.3460 and downward trend continuation pass 1.3400 signaling a minor pullback. However there are major catalyst this week with CAD as the BOC will announce an interest rate decision. Risk sentiment analysis is a big factor as well. If market is risk adverse then the USD will have bullish momentum and vice versa.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.